Sections

This was due to more growth in output (up 2.4 percent) than in labour input (up 0.3 percent).

Capital inputs grew by 2.4 percent.

Capital productivity increased by 0.1 percent.

Multifactor productivity (MFP) grew 1.2 percent.

Productivity is best observed in growth cycles. Growth cycles are the span of years between the peak of one cycle and the peak of a following cycle. Over the current incomplete cycle (2008 to 2013), average annual changes in the measured sector were:

Labour productivity rose 1.5 percent.

Output rose 0.8 percent and labour input fell 0.6 percent.

Capital inputs grew by 2.2 percent.

Capital productivity fell 1.4 percent.

MFP rose 0.2 percent.

The measured sector includes all industries except public administration and safety, education and training, health care and social assistance and ownership of owner-occupied dwellings.